Buy Dena Bank on decline: Prakash Gaba

What is your call on the some of the mid tier banking names the likes of UCO Bank and Dena Bank, how would you position yourself here?

UCO looks okay to me. It has seen a good down move from the levels of Rs 85 to somewhere closer to around Rs 65 that is a place to buy, being in aggressive trade.It is a good place to pause if it has to. Have a stop below Rs 65. It can go up to levels of Rs 72. So, you could buy UCO Bank. It is an aggressive trade. Same is the case with Dena Bank, it is stretched on the downside, any dip on Dena Bank on the downside could be a buying opportunity so far it does not give any but if someone is an aggressive trader can buy it, just have a stop below Rs 80, can it go up to around 85? Yes purely a simple one or two days trade.